skap
Level 2

How to enter 401K Contributions in Business program

For self-employed S-corp (no other employees) I received $30,000 in wages, of which $25,000 was contributed to 401K as employee contribution. In the Business program, for salaries/wages do I enter $30,00 or $5,000 ? W-2 Box 1 is $5,000. 

 

Also, for retirement plan contributions, the PC employer contribution to 401K was $5,000. For that question I assume I enter $5,000, not $30,000 (which is total of both employer and employee contributions). 

 

Thank you !